Page 747 – Property118

Universal Credit is here !

28th May 2015

I went to a Landlords Forum in Bridgend, Wales last week, what a nightmare! It is finally arriving, the dreaded Universal Credit! This is where our tenants will receive the housing element of around £500 plus every month. Will they pay us? Here is my idea to canvass. If you have Housing Benefit tenants they […]

Deregulation Bill and Section 21 notices

27th May 2015

I’m looking for a bit of advice regarding Section 21 notices and the Deregulation Bill. As I understand it the timing of issuing Section 21 notices has changed. My question is: I correctly served a Section 21 notice in February to end a tenancy the day after it’s six month anniversary on June 21st. Is […]

Is it a lodger or a tenant for annex?

27th May 2015

I am a Landlord with several properties but I must confess, the question below has me a little confused as it is an area that I have no experience with, so hopefully P118 members can provide some useful feedback. I am thinking of buying a large Victorian house that has two front doors. The property […]

Does buildings insurance cover damage that existed before I purchased?

27th May 2015

Hello all, I will explain in more detail, but first just wanted to say that this site has been a great source of learning for me as I have been planning to build my portfolio and I can’t thank the owners and contributors enough for the knowledge sharing. Now for my query – I hope […]

ARLA

ARLA report 32% of agents saw rent increases in April

26th May 2015

32% of ARLA letting agents reported that rents increased in April, according to the Association of Residential Letting Agents (ARLA) monthly Private Rental Sector (PRS) Report for April. The report found that tenants living in the North West were the most affected by monthly rent increases in April with 46% of landlords reporting an increase […]

Landlord Action logo

Landlord Action raises £18,000 for charity at “Rumble with the Agents” boxing event

25th May 2015

On Thursday 21st May 2015, Landlord Action hosted a first for the property industry – a white collar charity boxing event. It was a sell-out success with nearly 300 estate agents, landlords and developers attending to help beat the fundraising target and collect more than £18,000 for Rainbow Trust Children’s Charity. Whilst guests enjoyed a […]

Management repair charges could result in section 21 ?

25th May 2015

I have a leasehold flat in a house of total 5 flats which are managed by a small management company. Now I have a letter saying that the building needs to be redecorated and the roof needs to be changed as the freeholder requested resulting each flat to payuing £6200 . Which is fair enough […]

Building regs on fire doors passed but now need new ones!

25th May 2015

We have just had a 6 residential 1 bed apartments converted and it has passed building regs and we have the certificate. We had it assessed for leasing purposes with the council and they sent an Environment officer around to assess property under the Decent homes.  The fire doors are 30 min doors as put […]

No tenancy agreement since 2006!

25th May 2015

I’m looking at buying a tenanted house from a deceased persons estate. The trouble is there’s no tenancy agreement, or record of one, and the tenant hasn’t paid any rent since the owner died. The tenant has been there since 2006. Does anyone have experience of anything similar? I’m wondering whether it’s possible to ensure […]

Company or Private Let ?

25th May 2015

One of our prospective tenants wants to have a company tenancy, but he wants his name on the tenancy as well. He claims that this way he will benefit from the rent being deductible as cost and he needs his name on the tenancy agreement to enable him to apply for utilities. For example like […]

Prime Minister to introduce mandatory landlord licensing scheme

25th May 2015

In his speech on the changes the Government is proposing with regards to immigration (expected to be included in the Queen’s speech next week), David Cameron has announced plans that will have a significant impact on landlords. He has highlighted housing as one of the key ways in which illegal immigrants can be identified. The […]

Damage by another person’s pet

25th May 2015

My tenant had a new leather sofa (furnished flat) – a neighbour’s 2 cats (monsters) came in and damaged it – whose responsibility is the damage – neighbour doesn’t want to know, insurance doesn’t cover damage by animals/pests. Many thanks Elizabeth

Holding deposit refund on commercial premises

25th May 2015

I paid a holding deposit to a commercial landlord to reserve a premises pending a planning application.  The council requested specific information from the landlords in regards to the marketing of the premises in order to justify a change of use. The landlords response did not provide adequate information resulting in refusal of the change […]

Rental Income – Father & Son

25th May 2015

I have a few queries I was hoping someone maybe able to help with.  I am 27 years old and currently looking to purchase a two/three bedroom house in London potentially with the mindset of renting out one or two of the other rooms, whilst also still living in the property myself. To do this, […]

How much deposit on BTL mortgage?

25th May 2015

I currently have two properties rented out, one of which is unencumbered and I want to leave it that way, the other which has a secured loan against it but enough equity for me to raise a deposit for another purchase.  I’ve been reading about gearing and wondered if I should put down 25% or […]

Managing rent increases

25th May 2015

Hi, please would members share their views on managing rent increases. We have a small portfolio of 8 properties all tenanted with good tenants. Some have been with us for 2-3 years and we have always made small increases to the rents on an annual basis to try to keep up with local rental values.  […]

New Immigration Bill welcomed by the NLA

22nd May 2015

David Cameron announced a number of proposals to be tabled in a new immigration bill. The details of the Bill, which will be a central part of the new Government programme to be announced in the Queen’s speech, next week, include: New powers for councils to crack down on unscrupulous landlords To allow landlords to […]

Joint Ownership – Advantages and Disadvantages

22nd May 2015

I haven’t posted before although I have been reading for some time and discovered all sorts of very useful stuff – great site! My wife and I intend to invest in a BTL property shortly but are unsure of whether to put it in joint names. As my wife is a non-taxpayer we have always […]

High specification bespoke conversion 4, 5 & 6 bed self contained HMOs with 12% gross yields

22nd May 2015

The Heaton Group is a family business that started four generations ago. They have specialised in developing multi-let property in and around the Greater Manchester area with a proven track record for maximising yields through increased quality and desirability for tenants. Over 20 development opportunities are assessed per week in high demand areas and then […]

Best place to buy and sell investment property?

21st May 2015

Have you seen our home page recently?  If you are looking to buy or sell investment property then you really must take a look, just click the Property118 logo top left of your screen. Check out the Premium Listings on our home page or search a specific area. If you can’t find the property investment […]